Varex Imaging (NASDAQ:VREX) Issues Earnings Results, Misses Expectations By $0.07 EPS

Varex Imaging (NASDAQ:VREX) released its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The business had revenue of $206.20 million for the quarter, compared to analysts’ expectations of $205.15 million. During the same period last year, the company earned $0.26 earnings per share. Varex Imaging’s revenue for the quarter was down 9.6% compared to the same quarter last year. Varex Imaging updated its Q3 guidance to $0.05 to $0.25 EPS.

Varex Imaging Price Performance

VREX traded down $0.84 during trading on Friday, reaching $15.59. 1,030,491 shares of the company were exchanged, compared to its average volume of 327,836. The company has a quick ratio of 2.37, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The company has a market cap of $632.95 million, a price-to-earnings ratio of 16.24, a P/E/G ratio of 2.39 and a beta of 0.72. Varex Imaging has a 12-month low of $14.56 and a 12-month high of $23.90. The company’s 50-day moving average is $17.32 and its two-hundred day moving average is $18.49.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Varex Imaging from a “b-” rating to a “c” rating in a report on Tuesday, February 6th.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.